Archives for January, 2014

Becoming an Advisor to the Family

January 31st, 2014, Comments Off on Becoming an Advisor to the Family.
Many advisors would like to serve as financial advisors to members of their family or family members of their clients, but do not know how. This process takes time, effort and careful nurturing of relationships. The following suggestions will help you break into this lucrative, but often difficult-to-penetrate market.
  • Get noticed. Meet with family members of your clients and ask them who they are, and what they do for a living, their interests, etc. Some of them might attend the same church, temple or another faith-based organization as your client, and it is a good first step to attend these institutions regularly to meet them informally.
  • If they are your family members, make it a point to raise your visibility by attending and fully participating in family functions like weddings, reunions and anniversary and birthday parties.
  • Get to know them. Once you know some family members of your clients, show them respect and try to build a relationship with them. Include them on the list of people you send birthday and holiday cards.  Remember details about them and help them whenever possible.
  • Give them a story to tell others. After you have done a spectacular job for your client, explain what you did in simple terms and ask them who else among their friends and family has a similar problem.
  • Look for opportunities to help.  As a financial advisor, you have knowledge they don’t, such as what a future financial need looks like for them. Find out who is retiring soon, just had a baby, or is the proud parent of a child who sincerely wants to be a surgeon. Once you have this information, tell them how your products and services can help them address their issues or achieve their financial goals.
  • Keep it in the family.  Never mention the name of a client you are working with to other family members.  People often need help, but may not want other family members to know.  Be that discreet resource for financial matters.
  • Be transparent. Everyone wants a good deal, but they should understand that they must pay for your services–no one works for free.  Explain what they pay in direct and indirect costs, and if you think it is necessary, discount your prices slightly.
  • Provide report cards. In any relationship, it is rare for everything to go smoothly. Remember that many people get nervous when the financial markets become volatile. They often buy on trust.  Sit each family member down for regular portfolio reviews even if they tell you that they are not necessary.
  • Be simple. Trusting people often buy things they don’t understand. This can blow up later. So explain everything you do for them in simple terms.  Families have needs and need trusted advisors who can help them address the issues created by these needs.  You can position yourself in the role of a trusted advisor to your family members and those of your clients.  It takes time, but it’s time well spent.


By Bryce Sanders

Bryce Sanders is president of Perceptive Business Solutions Inc. in New Hope, PA.  His book “Captivating the Wealthy Investor” is available on

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Learning to “Celebritize Yourself” in Business

January 28th, 2014, Comments Off on Learning to “Celebritize Yourself” in Business.

The digital age has brought with it limitless sources of information and the chance to become noticed through the loudspeaker that is the Internet. But in an ever-increasing crowd, it’s essential to know how to stand out.

That’s what Marsha Friedman’s book, “Celebritize Yourself: The Three Step Method to Increase Your Visibility and Explode Your Business,” is about—creating a strong brand that transforms you into an industry celebrity.

“The term celebrity isn’t just reserved for the stars we read about in the tabloids, but rather, it also refers to experts who are known for being at the top of their chosen fields, many times removed from movie and TV stars,” Friedman says. “Whether you’re a doctor, financial advisor, real estate broker or even a waiter, you can celebritize yourself.”

Friedman focuses on three steps to accomplish this mission:

  • Write. Many celebrity experts, including Zig Ziglar and Suze Orman, started out as authors. Even if you do not consider yourself as a writer, Friedman suggests turning your ideas into a book to define yourself as an expert. There are many professionals that can assist you in the process, including ghostwriters, co-authors and copywriters. These services aren’t always cheap, but they can propel your credibility to the next level.
  • Speak. It’s also vital to spread the word about your industry knowledge, Friedman says. Use Internet platforms as well as real-life opportunities, such as speaking engagements, radio and TV interviews, to get your message out to anyone that will listen.
  • Sell. Achieving “celebrity status” makes selling your brand—and thusyourself—an easier task. But not all media pitches are the same. It’s key to consistently evaluate and improve your pitch so that it stands a chance of being noticed, Friedman says. Ask yourself if your pitch would perk your owninterest.

When  you have become your brand and people trust what you say, people will become anxious for the opportunity to talk about your message.

“Celebrity is a powerful commodity; doors that were once closed can suddenly open,” Friedman says. “People listen to what they ignored before. New business and money flows to you—not away from you. Most of all, people thank you for sharing your wisdom.”
For more information and tips on this subject, visit


By Christine Cusatis
Advisor Today


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